BAKU, Azerbaijan, February 2. A memorandum of
understanding has been signed between the State Oil Company of
Azerbaijan (SOCAR) and Yokogawa Europe B.V. to explore potential
collaboration opportunities, Trend reports.


The signing took place within the framework of a meeting
attended by SOCAR Vice Presidents Anar Mammadov and Babek Huseynov
with Seita Hagihara, President of Yokogawa Europe B.V., Vice
President and Regional CEO for Europe, Russia, and CIS of Yokogawa
Electric Corporation, today.


The meeting welcomed the steps taken towards the implementation
of the agreements reached at the 12th joint meeting of the State
Commission for Economic Cooperation between Azerbaijan and Japan in
September last year.







During the conversation, the parties reviewed areas of mutual
interest between SOCAR and Yokogawa Europe B.V. in the energy
sector, including the possibility of joint activities in the
downstream and upstream segments.